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REGISTERED NUMBER: 04940068 (England and Wales)






Financial Statements

for the Year Ended 30 June 2023

for

ODYSSEY GROUP HOLDINGS LIMITED

ODYSSEY GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 04940068)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ODYSSEY GROUP HOLDINGS LIMITED

Company Information
for the Year Ended 30 June 2023







DIRECTORS: P M Ward
S Aucott





SECRETARY: RJP Secretaries Ltd





REGISTERED OFFICE: Old Knebworth Lane
Stevenage
Hertfordshire
SG2 8DU





REGISTERED NUMBER: 04940068 (England and Wales)





AUDITORS: Pembroke Briggs Chartered Accountants
1a The Quadrant Courtyard
Quadrant Way
Weybridge
Surrey
KT13 8DR

ODYSSEY GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 04940068)

Abridged Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,776 7,012
Investments 5 1,127,000 1,127,000
1,130,776 1,134,012

CURRENT ASSETS
Debtors 3,870,662 4,424,429
Cash at bank 272,269 25,382
4,142,931 4,449,811
CREDITORS
Amounts falling due within one
year

11,169

825,529
NET CURRENT ASSETS 4,131,762 3,624,282
TOTAL ASSETS LESS
CURRENT LIABILITIES

5,262,538

4,758,294

CREDITORS
Amounts falling due after more
than one year

2,010,309

1,874,777
NET ASSETS 3,252,229 2,883,517

CAPITAL AND RESERVES
Called up share capital 339,030 339,030
Capital redemption reserve 52,312 52,312
Retained earnings 2,860,887 2,492,175
SHAREHOLDERS' FUNDS 3,252,229 2,883,517

ODYSSEY GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 04940068)

Abridged Balance Sheet - continued
30 June 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:





P M Ward - Director


ODYSSEY GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 04940068)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Odyssey Group Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ODYSSEY GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 04940068)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022
and 30 June 2023 51,680
DEPRECIATION
At 1 July 2022 44,668
Charge for year 3,236
At 30 June 2023 47,904
NET BOOK VALUE
At 30 June 2023 3,776
At 30 June 2022 7,012

ODYSSEY GROUP HOLDINGS LIMITED (REGISTERED NUMBER: 04940068)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2022
and 30 June 2023 1,127,000
NET BOOK VALUE
At 30 June 2023 1,127,000
At 30 June 2022 1,127,000

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

S Briggs (Senior Statutory Auditor)
for and on behalf of Pembroke Briggs Chartered Accountants